Oil prices steadied as markets assessed the geopolitical impact of Israel's killing of Hezbollah leader Hassan Nasrallah and China's economic measures. Oil prices have stayed low this year, as Middle East tensions have not disrupted supply, and global production remains strong. Despite weaker demand from China, Beijing has recently implemented an economic stimulus. Analysts noted the limited geopolitical risk premium in oil prices and a shift in market focus to strategic long-term supply management.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Oil prices steadied as markets assess the geopolitical impact of Israel's killing
00:07of Hezbollah leader Hassan Nasrallah and China's economic measures.
00:12Oil prices have stayed low this year as Middle East tensions have not disrupted supply and
00:16global production remains strong.
00:19Despite weaker demand from China, Beijing has recently implemented an economic stimulus.
00:24Analysts noted the limited geopolitical risk premium in oil prices and a shift in market
00:28focus to strategic long-term supply management.
00:31For all things money, visit Benzinga.com.